馃嚤馃嚲LibyaNorth Africa
Libya's Planning Institute hosts debate on startup ecosystem and venture capital
via Libya Herald1 min read
Libya's Planning Institute, in collaboration with the Libyan Business Council, organized a debate in Tripoli titled "The Startup Ecosystem and Venture Investment: Engines of Economic Growth." The event aimed to raise awareness about entrepreneurship's role in the national economy. Ms. Sumaya Al-Majdoub opened the dialogue, emphasizing the importance of such events in fostering innovation and entrepreneurship, and strengthening partnerships between academia and the private sector for economic development. Mr. Riad Khalil presented on startups and venture capital, their role in economic growth, challenges for entrepreneurship in Libya, and strategies to develop a supportive environment for startups. The debate concluded with discussions among researchers and interested parties on mechanisms to support startups and enhance the investment and innovation environment for sustainable economic development.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Libya Herald.
The Libyan Business Council LBC and Libya鈥檚 Planning Institute organized a debate in Tripoli titled "The Startup Ecosystem and Venture Investment: Engines of Economic Growth." The event aimed to raise awareness about entrepreneurship's role in the national economy. Ms. Sumaya Al-Majdoub opened the dialogue, emphasizing the importance of such events for fostering innovation and strengthening partnerships between academia and the private sector. Mr. Riad Khalil discussed the concept of startups and venture capital, their impact on economic growth, challenges for entrepreneurship in Libya, and strategies to develop a supportive environment for startups. The workshop also highlighted successful international models for integrating private capital with innovative projects and creating an environment conducive to growth and innovation. The debate concluded with discussions among researchers and interested parties on supporting startups and enhancing the investment and innovation landscape for sustainable economic development.
The Chairman of Libya鈥檚 National Oil Corporation NOC, Masoud Suleiman, announced the official signing of Exploration Production and Sharing Agreements EPSAs for the 2025 bid round. These agreements were made with consortiums comprising several leading global energy companies, a move Suleiman described as strategic, reflecting international confidence in Libya's oil and gas sector. The signed agreements involve three international consortiums: one with Spain's Repsol and Turkish Petroleum Company; a second led by Italy's Eni in partnership with QatarEnergy; and a third including Hungary's Mall Group, Turkish Petroleum Company, and Spain's Repsol. Suleiman emphasized that these agreements are part of ongoing efforts to stimulate exploration and development in oil fields and attract quality foreign investments. He noted that these partnerships support Libya's plans to increase daily production rates and secure financial returns, contributing to the national economy.
The British Foreign, Commonwealth & Development Office FCDO has updated its travel guidance for Libya, reducing the alert level for Tripoli, Misrata, and Benghazi from red to yellow. These guidelines provide British citizens with information on security risks, travel, and insurance requirements for different areas of Libya. Despite the change, the FCDO still advises against all travel to Libya, with the exception of Tripoli, Benghazi, and Misrata, for which it advises against all but essential travel.